"The Coinbase Vault has Zero Fees"

[Nagle]

Coinbase says that "the Coinbase vault has zero fees".

Uh oh. If they don't charge a fee, how do they make money?

The traditional Bitcoin wallet ways of making money were speculating with customer funds and stealing them.

[1714615789]

1714615789

[xstr8guy]

Coinbase says that "the Coinbase vault has zero fees".

Uh oh. If they don't charge a fee, how do they make money?

The traditional Bitcoin wallet ways of making money were speculating with customer funds and stealing them.

Coinbase makes money by charging fees on exchanges to/from BTC/dollar. So you can store BTC in the vault for free. But they'll charge you a fee if you want to exchange them for dollars.

But...

Rule #1, never store your BTC in an online wallet. Move BTC in and out of online wallets for trading/exchanging only.

Rule #2, if you don't already know Rule #1, you shouldn't have anything to do with the world of crypto-currency.

Now as a Legendary member of this forum, I'm sure you already know these rules. But it's a warning for noobs. 

[Bit_Happy]

If the wallet helps strengthen their primary business, then they can easily afford to offer the service for free.
Also, they can/will eventually have ads in the online wallet.

[Haslett5236]

that's what i want to know , no fees no income